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angle-left null TransContainer releases its financial results under IFRS for the first half of 2015

PJSC “TransContainer” today publishes its reviewed interim condensed consolidated financial statements for the second quarter and six months ended 30 June 2015.

Company’s financial position was affected by accelerated decline in the Russian rail container transportation market amid the deteriorating economic environment: in the second quarter of 2015 the rail container transportation market declined by 11.0% year on year while in the first quarter transportation volumes decreased just by 4.7%.

Despite the challenging market environment, during the reporting period the Company managed to ensure business profitability, improve its market share and solidify its debt position. The Company continued also to generate positive and growing free cash flow which increased during the reporting period by 57.3% to RUB 1,230 million.  

The Company’s total revenue for the first half of 2015 was up 14.1% to RUB 20,006 million while the adjusted revenue decreased by 1.8% to RUB 9,887 million. EBITDA fell by 31.7% year-on-year to RUB 2,804 million and the net profit was down 50.0% year-on-year to RUB 1,039 million from RUB 2,079 million in the first half of 2014.

As at 30 June 2015 Company’s total assets were of RUB 48,612 million and the equity was RUB 35,151 million. The Company’s debt, net of cash, cash equivalents and short-term investments, decreased by 41.4% year-on-year to RUB 2,904 million.

The consolidated financial statements for the second quarter and the six months ended 30 June 2015 are available at the Company’s website: